What do you mean by 'Systemically Important Core Investment Company (CIC-ND-SI)' ?

Systemically Important Core Investment Company (CIC-ND-SI): CIC-ND- SI is an NBFC carrying on the business of acquisition of shares and securities which satisfies the following conditions: - It holds not less than 90% of its Total Assets in the form of investment in equity shares, preference shares, debt or loans in group companies; Its investments in the equity shares (including instruments compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue) in group companies constitutes not less than 60% of its Total Assets; It does not trade in its investments in shares, debt or loans in group companies except through block sale for the purpose of dilution or disinvestment; It does not carry on any other financial activity referred to in Section 45I(c) and 45I(f) of the RBI Act, 1934 except investment in bank deposits, money market instruments, government securities, loans to and investments in debt issuances of group companies or guarantees issued on behalf of group companies; Its asset size is ₹100 crore or above; and It accepts public funds.